Princeton Caldwell County Airport

Princeton-Caldwell County Airport, a U.S. local government entity and airport authority in Princeton, Kentucky, receives formula and project grants from the Department of Transportation Federal Aviation Administration for airport infrastructure rehabilitation and capital expansion. The airport operates as a federal grant recipient (100% prime awards) with no federal contracting footprint; all activity flows through FAA grants under the Airport Improvement Program (CFDA 20.116).

The airport's federal funding concentrates entirely within the FAA Southern Region, which has issued all sixteen awards in the source data since 2008. Recent grant activity centers on three concurrent infrastructure initiatives: a $2.043 million formula grant awarded on July 8, 2026, funds taxiway and runway rehabilitation plus airfield drainage reconstruction at the airport through July 2030; a September 2024 project grant funds Phase 1 design work for an 11,781-square-foot sponsor-owned 10-unit T-hangar for aircraft storage; and an August 2024 project grant funds Phase 2 construction of the same hangar, with both hangar-related awards completing in August 2028. Earlier activity includes a July 2022 formula grant for acquisition of 51.77 acres and removal of non-hazard terrain obstructions to meet FAA standards, and a November 2021 American Rescue Plan Act project grant for pandemic-related operational and personnel relief.

Annual award volume is sparse and irregular—two awards in 2020 and 2021, one in 2022, two in 2024, and one in 2026—with combined dollars obligated across all sixteen awards totaling $5.9 million. Two awards carry ultimate completion dates within the next twenty-four months, presenting renewal opportunity for ongoing airport development priorities. The airport does not engage federal prime contractors or subcontractors; all work is performed directly by the airport authority as grant recipient.